Hacker News new | ask | show | jobs
by logifail 1501 days ago
> If the odds are obviously against you

Can you define "obviously"?

Spoiler, but for financial investments, there are no [genuine] odds. That's kind of my point about the efficient markets hypothesis.

For example, Tesla was at $88.60 on January 3, 2020. It's at $728 now (and peaked[?] at $1222-ish in November 2021].

Presumably there were not very many people who, in January 2020, thought Tesla would increase in value, or it wouldn't have been at $88.60 for very long.

1 comments

Roulette is an example where the odds are against you and its obvious. Your chance to win in statistically lower than 50% and it should be higher than 50%.